The reason why Adsense would not perform so well on Make Money blogs because the majority of the audience are most likely aware of them and would not click on it.
I was checking out ProBlogger's post on "What I Don't Use Adsense on ProBlogger Anymore". He's a pretty popular and well known blogger that makes over $100k a year. He stop using Adsense for the same reason. Adsense works well in his other blogs, but not very good on ProBlogger because it's a blog that teaches and provide information on making money online.
So if you have a website that discuss anything thing that is about making money, most likely the Adsense would not perform as well for another kind of website like "health problems" with the same amount of traffic.
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